Live · updated 24 minutes ago
VanEck Treasury Fund Price chart
Key stats
Performance
How the price moved over each period.
Supply
53.37M VBILL circulate. No maximum supply is set.
- Circulating
- 53.37M
- Total supply
- 53.37M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.00% of market cap. Thin trading; small orders can move the price.
$53.37M market cap, rank #326. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
0.0% below its all-time high of $1.00.
Largest recent swing: 0.00% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Missing inputs for this asset, counted as a neutral 50: Liquidity
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is the VanEck Treasury Fund (VBILL)?
VBILL is a tokenized share of the VanEck Treasury Fund, which invests in short-term U.S. Treasuries and offers daily liquidity through blockchain-based records. VanEck launched it in May 2025 as its first tokenized fund, with Securitize handling tokenization, fund administration and transfer agency. The fund is domiciled in the British Virgin Islands and managed by Van Eck Absolute Return Advisers.
VBILL is a regulated fund product, not a freely issued crypto token. It is aimed at professional investors rather than the general public.
How VBILL works
Investors subscribe and redeem through Securitize using USDC, and the fund's net asset value is the reference for those transactions. The fund is available on several networks:
- Ethereum
- BNB Chain
- Solana
- Avalanche
At launch, access was limited to qualified and institutional investors, with minimum subscriptions of $100,000 on Avalanche, BNB Chain and Solana and $1,000,000 on Ethereum. State Street acts as custodian, and RedStone supplies NAV data on-chain. Retail buyers who can only trade the token on secondary markets are not the same as eligible direct investors.
VBILL supply and token design
VBILL has no fixed cap. Tokens are issued when investors subscribe and removed when they redeem, so supply follows demand for the fund. Live circulating supply is shown in the market data on this page.
The underlying assets are short-term U.S. Treasury bills, so the fund's return reflects short-term government interest rates after fees. The token's contract addresses differ on each chain. The Ethereum contract is 0x2255718832bC9fD3bE1CaF75084F4803DA14FF01; confirm it on the official page before any transaction.
Official information is on securitize.io.
What to check before using VBILL
- Eligibility is restricted. Check whether you qualify as an institutional or qualified investor in your jurisdiction before subscribing.
- The token represents fund shares, so you rely on the fund manager, administrator, custodian and transfer agent, not on code alone.
- Minimum subscription sizes are high and may change. Review the current offering documents.
- Secondary-market prices can differ from the fund's net asset value, especially in thin markets.
- Redemption timing depends on the fund's dealing and settlement process, so cash may not arrive instantly in every case.
- Transfers may be limited to approved wallets, and moving across chains depends on bridging infrastructure.
VanEck Treasury Fund project profile
Token contracts
- Ethereum:
0x225571…14ff01 - BNB Chain:
0x14d726…911279 - Solana:
34mJztT9…1P4xy1 - Avalanche:
0x7f4546…c90183
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
VanEck Treasury Fund market analysis
With a market capitalisation of $53.37 million, VanEck Treasury Fund (VBILL) is classed as a micro-cap asset and ranks #326 of 402 cryptocurrencies with a reported market cap on CryptoWave, larger than about 18.9% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $0.00 of VBILL changed hands, equal to 0.00% of its market cap, which puts its trading volume ahead of about 9.2% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 0% of tracked assets.
Price action: VBILL moved +0.00% in 24 hours and +0.00% over 7 days. It outperformed Bitcoin by 1.68 percentage points over 24 hours and by 4.25 points over 7 days. Against the median tracked coin (ahead by 1.56 points on the day and ahead by 4.90 points on the week), it has been a relative strength in recent sessions.
To overtake EXOD (EXOD) just above it, VanEck Treasury Fund would need to grow its market cap by about 1.5%; it is 0.4% larger than Metal Blockchain (METAL) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
VanEck Treasury Fund FAQ
What is VBILL?
VBILL is a tokenized share of the VanEck Treasury Fund, which invests in short-term U.S. Treasuries. It is offered through Securitize.
Who can buy VBILL?
Direct subscriptions were set up for qualified and institutional investors. Eligibility depends on your jurisdiction and the fund's current offering documents.
When did VBILL launch?
VanEck launched the VanEck Treasury Fund token in May 2025 on Ethereum, BNB Chain, Solana and Avalanche.
How many VBILL are there?
There is no fixed cap. Tokens are issued on subscription and removed on redemption, and the market data on this page shows the live supply.
Price history
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Historical price data is not available yet for this asset. | ||||